Reallocation of Loans. After giving effect to this Agreement and any Loans made on the Effective Date, (i) each Lender who holds Loans in an aggregate amount less than its Applicable Percentage (after giving effect to this Agreement) of all Loans shall advance new Loans that shall be disbursed to the Administrative Agent and used to repay Loans outstanding to each Lender who holds Loans in an aggregate amount greater than its Applicable Percentage of Loans, (ii) each Lender’s participation in each Letter of Credit, if any, shall be automatically adjusted to equal its Applicable Percentage (after giving effect to this Agreement), and (iii) such other adjustments shall be made as the Administrative Agent shall specify so that each Lender’s Revolving Credit Exposure equals its Applicable Percentage (after giving effect to this Agreement) of the aggregate Loans of all Lenders. For the avoidance of doubt, payments effected between or among the Lenders pursuant to this Section 2.01(b) shall not be subject to the provisions of Sections 3.04(a) and (b)
Reallocation of Loans. On the occurrence of the Refinancing, (a) each Bank that, as a result of the adjustment of the Pro Rata Shares, is to have a greater principal amount of Loans outstanding than such Bank had outstanding immediately prior to the occurrence of the Refinancing shall, if requested by the Agent, deliver to the Agent immediately available funds to cover such Loans (and the Agent shall, to the extent of the funds so received and the funds received from any Banks that are not parties to the Original Credit Agreement, disburse funds to each Bank that, as a result of such adjustment of the Pro Rata Shares, is to have a lesser principal amount outstanding than such Bank had outstanding under the Original Credit Agreement), and (b) immediately prior to the Refinancing each Bank that is not a party to the Original Credit Agreement shall deliver to the Agent immediately available funds to cover its Loans that will equal such Bank's Pro Rata Share of the aggregate principal amount outstanding under this Agreement immediately after the occurrence of the Refinancing.
Reallocation of Loans. ...16 4.5. Amounts Outstanding Under the Original Credit Agreement Deemed to Be Loans Under This Agreement..................................17
Reallocation of Loans. Promptly following the effectiveness of this Amendment and the delivery to each Bank, as applicable, of its Note in the amount of its Loan Commitment as set forth in Exhibit A hereto, the Agent shall coordinate with each of the Banks to provide for (a) funding of Loans to the Borrowers under the Credit Agreement, as amended, equal to its proportionate share of the aggregate principal amount of Loans then outstanding to the Borrowers based on its Commitment Percentage in effect as a result of this Amendment, and (b) application of the proceeds of such Loans to repayment to the other Banks, in their individual capacities, of Loans by each of them then in effect such that the aggregate Loans of each Bank shall not exceed the proportionate share of each Bank based on its Commitment Percentage applied to the aggregate principal amount of outstanding Loans by the Banks to the Borrowers on such date.
Reallocation of Loans. Upon the acceleration of the Loans, the foreclosure on any Liens securing the Obligations, the exercise of any other contractual remedies granted under the Loan Documents by the Administrative Agent or any Lenders or the occurrence of an Event of Default pursuant to Section 9.1(e), (x) to the extent that the outstanding Revolving A Exposure of each Revolving A Lender is not equal to its Pro Rata Share of the Commitments A, the Working Capital Lenders shall be deemed to have purchased ratably from all other Revolving A Lenders (the “Other A Lenders”), without recourse or warranty, a portion of the Revolving A Loans and participations in Swing Loans held by the Other A Lenders (or to the extent not permitted by law, an undivided interest and participation in the Revolving A Loans and participations in Swing Loans held by the Other A Lenders) to the extent necessary such that the Revolving A Loans are held ratably by all Revolving A Lenders and the participations in Swing Loans are held ratably by all Revolving A Lenders in accordance with portion of the outstanding Swing Loans that each Revolving A Lender could be required to refinance under Section 2.3 absent such Event of Default and (y) to the extent that the outstanding Revolving B Exposure of each Revolving B Lender is not equal to its Pro Rata Share of the Commitments B, the Working Capital Lenders shall be deemed to have purchased ratably from all other Revolving B Lenders (the “Other B Lenders”), without recourse or warranty, a portion of the Revolving B Loans held by the Other B Lenders (or to the extent not permitted by law, an undivided interest and participation in the Revolving B Loans held by the Other B Lenders) to the extent necessary such that the Revolving B Loans are held ratably by all Revolving B Lenders. Upon receipt by any Other Lender of any payment with respect to any portion of the Revolving Loans or participations in Swing Loans sold or participated out to the Working Capital Lenders pursuant to this Section 2.4, such Other Lender shall promptly pay over to such Working Capital Lender all payments of principal, interest and fees received by such Other Lender with respect to such portion.
Reallocation of Loans. On the Effective Date, immediately following or substantially contemporaneously with the prepayment described in Section 2.10 hereof, the Borrower shall (A) prepay the Loans (if any) that are outstanding immediately prior to the Effective Date in full (other than any Loans that have already been prepaid pursuant to Section 2.10) and (B) simultaneously borrow new Loans under the Credit Agreement in an amount equal to such prepayment; provided that with respect to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any Lender may, at the discretion of the Administrative Agent, be effected by book entry to the extent that any portion of the amount prepaid to such Lender will be subsequently borrowed from such Lender and (y) the Lenders shall make and receive payments among themselves, as administered by and in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans are held ratably by the Lenders in accordance with the respective Loans of such Lenders (as set forth in Schedule 1.01(b) of the Credit Agreement). Each of the Lenders agrees to waive repayment of the amounts, if any, payable under Section 2.13 of the Credit Agreement as a result of, and solely in connection with, any such prepayment.
Reallocation of Loans. On the Restatement Effective Date, Borrower shall (A) prepay the Existing Loans in full and (B) simultaneously borrow new Loans hereunder in an amount equal to such prepayment; provided that with respect to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any Existing Lender shall be effected by book entry to the extent that any portion of the amount prepaid to such Existing Lender will be subsequently borrowed from such Existing Lender and (y) the Existing Lenders shall make and receive payments among themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (as set forth in Schedule 1.01(b)). Each of the Lenders agrees to waive repayment of the amounts, if any, payable under Section 2.13 as a result of, and solely in connection with, any such prepayment.
Reallocation of Loans. In connection with the increase in Commitments, evidenced by the revised Schedule 1.1(B), the Agent shall reallocate the outstanding Loans among the Banks, subject to the Borrowers’ obligation under Section 4.6.2 [Indemnity] of the Credit Agreement on the Amendment No. 6
Reallocation of Loans. The parties hereto agree that within thirty (30) days of the Effective Date, the Administrative Agent will reallocate the outstanding Loans and participations in Letters of Credit under the Credit Agreement in accordance with Section 2.15(d) of the Credit Agreement.
Reallocation of Loans. Each Lender hereby acknowledges and agrees that, on the Closing Date, immediately after giving effect to the Revolver Rollover Provision and Term Rollover Provision the outstanding Loans shall be adjusted by the Agent to the extent necessary (including by prepaying a portion of such outstanding Loans) such that, upon the effectiveness of this Agreement and the consummation of the Transactions contemplated hereunder (including the funding of any Loans and application of the proceeds therefrom), each Lender shall hold its pro rata share of the outstanding Loans. As of the Closing Date, after giving effect to any reallocation in accordance with this Section 4.9, each Lender’s Commitments are as set forth on Schedule 1.1 attached hereto under the heading “Closing Date Commitments”.
